If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
To book a flight to Guernsey to attend in person and speak a few home truths to our "trusty" Board.
Aah, blind faith, can't beat it....
Let's hope you don't regret it. The exploratory license for Coringa expires when? 27th? They're cutting it a bit fine...
Yes I think you have encapsulated the issue. The price is paralysed between the support of the offer price (derisory though it is) to (I suspect) a complete lack of in house research from the institutions and a general skittishness amongst AIM investors who emotionally like things to happen to get that dopamine hit!
It's a war of nerves. Stay focused and patient and, as you say, Patel et al are toast, sell out at any price and they get a delayed Christmas prezzie!
Surely there's rules that mean they have to table a formal offer within a set period of time.
I appreciate different rules but Musk got into trouble for something similar...?
When is the formal offer from the Patels et al coming out? Have they even got permission for the scheme of arrangement yet?
I've heard nothing official from ii asking for me to vote...
Wincanton - guess what the premium to the undisturbed share price was?
Hint it's more than 6.5%!
"GGG, Like l said they will take revenge on a no vote. Not sure how that will look but certainly Eric like Cameron will resign and there will be turmoil."
It's pretty clear that with all they've done they are trying to scare the investors into submission.
Look - investing is NOT easy. To earn a profit you have to work at it. Either through diligent research or in the case of M&A by playing the game as well as the big boys with mucho dosh.
CALL THEIR BLUFF It's the only way forward unless you're happy with 13.65.
Medium term it would definitely be that the offer succeeds and the company is sold for a song.
Short term it would be, for me at least, the offer fails, the Patels don't up their offer and no other offer is received. Unlikely though I think this would be, it is a possibility. Established wisdom says that the share price would retrace, perhaps back to 11p. However, I'm not so sure.
In the short interview Eric gave (yesterday?), he could not contain his enthusiasm for the company's prospects. He even repeated the point I have made repeatedly that on an annualised basis the company is worth less than twice Q3's EBITDA. Furthermore the embargo on information will be lifted and we peasants plus the rest of the market will be able to see Q4's results. In the interview Eric as good as said they will be even better than Q3's results.
Will Mr Market really ignore these excellent metrics and by implication the whacky valuation - even more so at 11p.
I wonder....
Yes I am
Err - I'm quoting the man - "we are very cheap"
What was not discussed was the elephant in the room (which he is promoting!)
Am I imagining this all ? Perhaps the bid never existed....?
Nobody with a straightforward sense of public duty would spend quite so much time and effort and generate so many posts trying (and failing) to change minds.
No, something else lies behind your prolific effort. Whatever it is I rather suspect you're aiming to make money out of us ordinary SHG holders.
The whole thing stinks from the derisory premium to the timing just before Xmas to the pulling of public information by the Board.
And yes I'm afraid you're part of the pong!
I must confess I'm amused by the antics of some posters. Some are clearly paid trolls but others are probably genuine. Bailing at this point for the stock of the moment SRB strikes me as classic "follow the pied piper behaviour."
Look I own SRB as well as SHG. I believe both have demonstrated they are well run miners but both have their issues. Nothing has changed in the last 2 weeks in terms of their relative attractiveness and yet their share price performance has diverged significantly.
SRB have a temporary license for their great white hope Coringa. It is due to expire in the next month and they have been given the absolute run around by the Brazilians in terms of getting a permanent license. If they lose that opportunity (and presumably the license goes to a Brazilian based miner) what does that do to their prospects.
Given that I've tripled my holding in SHG and note with approval the bid/offers going up as others have noted below.
Let's see if momentum is really the best investing style for UK junior miners....
I can't recall how much did each hold prior to the announcement of the bid?
MrTibbles - you are really trying too hard.
Look at the previous quarters cash results for SHG - adjusted EBITDA is less than 2 - as I've previously mentioned.
Excepting interest income/charges you wait 2 years to get your money back. That's a pretty good investment payback in anybody's book. That's why the Patels et al launched their pre-Xmas raid. The timing says it all
Forget analysts - who knows whose pulling their strings? Do your own research and form your own opinion.
By all means stick with CEY - I have those shares too but to compare Dopopo you're comparing apples and pears.
Btw who is pulling your strings?
I'm wondering whether this goes a little deeper and really the Patel's et al are really only in the flipping of assets business. I would at least explain why they have borrowed pretty much all the money required and for only a short period. I.e it's more akin to a bridging loan than financing an asset purchase.
It's a bit dark but let's say the Patel's are already pretty thick with the Tanzanian government so they suggest to their favoured ministers that they assemble a lowball bid. The government puts off all would be buyers by quietly whispering in their ear that life will be made intolerable if they try and by the company directly from shareholders. Instead they should wait until the company is in private hands. They get to buy the company at a commercial price. The Patel's make a quick profit on the flip and a few ministers are paid fat commissions for the whole transaction. What's not to like? Everybody gets what they want and so it's a win win!!!
All except the poor bloody UK AIM shareholders that is!!!
If what you say is true then under the takeover terms, payments to the CEO and other Board members to induce them to support the offer MUST be disclosed. No such payment has been disclosed and yet Eric seems to have undergone a damascene conversion.
Not very saintly. In fact borderline fraudulent.
You spelt me wrong hence didn't turn up on search...
I can't see me on the list +700k
Top tiger!
That's the spirit...